Swiss Re swings to loss on $3.9bn COVID-19 hit in 2020 but 'confident' on 2021 outlook

19-02-2021

Swiss Re swings to loss on $3.9bn COVID-19 hit in 2020 but 'confident' on 2021 outlook

Some $3.9 billion of COVID-19 claims/reserves and unusually high natural catastrophes battered Swiss Re’s 2020 results as it swung to a full-year loss of $0.9 billion despite seeing strong underlying performance and reducing exposure to sectors that were vulnerable to the pandemic.


Swiss Re, 2020 Results, Insurance, Reinsurance, COVID-19, Christian Mumenthaler, Europe

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